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The world's fossil fuel industry has joined with environmentalists in an unholy alliance to push for carbon capture, demanding radical changes in public policy to kick-start the technology.

Leaders of the largest oil, gas, and coal companies lined up at the IHS CERAWeek summit in Houston, pledging a muscular drive to slash the costs of extracting CO2 from hydro-carbon energy. The goal is some sort of 'Manhattan Project' to safeguard the long-term survival of their companies. "We can't just keep our heads in the sand," said Bob Dudley from BP.

A new dawn? Semi submersible oil rig as the sun rises in the Firth of ForthCredit:
Alamy

Contrary to widespread belief, the top executives are going out of their way to praise the findings of the UN's Intergovernmental Panel on Climate Change (...